Mastercard (NYSE: MA) has reportedly finalized the planned acquisition of Recorded Future.
Mastercard explained that the latest acquisition will now be enhancing its services offerings with threat intelligence and AI-powered, actionable analytics.
In a blog post, Mastercard confirmed that it has now officially completed its strategic acquisition of Recorded Future.
Johan Gerber, executive vice president, Security Solutions at Mastercard.
“As the world becomes more digitized, there’s an increased focus on securing every interaction and transaction against evolving cyber threats. Adding Recorded Future’s AI-driven threat intelligence capabilities to our cybersecurity services, identity solutions and real-time fraud scoring will enable us to better support our customers in these efforts.”
Mastercard added that it is committed to creating a higher standard of trust in the payment ecosystem, democratizing cybersecurity in order to “create new opportunities for businesses in our digitally connected world.”
Its suite of cybersecurity services focuses primarily on assessing cyber risk exposure, providing AI (artificial intelligence) and other technology-driven innovations in order to protect the digital ecosystem and “making continuous advancements to organize trust for people and businesses around the world.”
Recorded Future will now reportedly add to these innovative capabilities, providing opportunities to serve different customer segments with beneficial intelligence along with “actionable insights” – and to further enhance the overall “effectiveness of existing products and services, making AI models even smarter.”
As covered, Mastercard explains that it powers economies and empowers people in more than 200 countries and territories throughout the world.
Together with their global customers, they are focused on building a more sustainable economy where “everyone can prosper.”
They aim to support a wide range of digital payments products, thus making transactions secure, “simple, smart and accessible.”
Their technology and innovation, partnerships as well as networks combine to deliver a unique set of products and services that aim to “help people, businesses and governments realize their greatest potential.”